By Kevin Theissen It is now official that starting in January Social Security benefit checks will be going up by 8.7%. The CPI-W, which is the index used to calculate the Cost of Living Adjustment (COLA), rose by 8.5% over the […]
Tag: Social Security
Column, Money Matters
Still working at 65? Here’s what you need to know about Medicare
For the last half century, turning 65 stamped the time when you would leave your job, file for Social Security, begin your pension and enroll in Medicare. But is that the case anymore? The retirement environment has changed. Full retirement […]
Column, Money Matters
The state of Social Security
By Kevin Theissen The Social Security trustees have issued their 2022 report to Congress, officially called “The 2022 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds.” It is […]
Column, Money Matters
Rumors about Social Security
By Kevin Theissen You’ve probably heard the rumors about Social Security: “If you keep working you can’t collect benefits,” “The program is going broke,” and the old standby, “You’ll never get back what you put into it!” If any of […]
Column, Money Matters
Cuts to social security benefits?
By Kevin Theissen The economic impact of Covid-19 has been felt from coast to coast. And, unfortunately for many pre-retirees, it could potentially impact Social Security benefits as well. Some reports suggest that if Congress doesn’t take action to address […]
Column, Money Matters
How to navigate social security
By Kevin Theissen Social Security is a critical component of many Americans’ retirement financial strategy. Before you begin taking it, consider ways to maximize this retirement income source for yourself. When to start? You have the choice of 1) starting […]
Money Matters
When should you take Social Security? Sooner than you think!
ByKevin Theissen The Social Security program allows you to start receiving benefits as soon as you reach age 62. The question is, should you? Monthly payments differ substantially depending on when you start receiving benefits. The longer you wait (up […]
State News
Social Security income tax exemptions are now in place
By Xander Landen/VTDigger About 40,000 Vermonters who receive Social Security benefits will see more money in their pockets this year, after Gov. Phil Scott and lawmakers moved to slash the state tax on the benefits for low- and moderate-income earners. […]